BTTR, a penny stock selling pet food LONG
Updated
BTTR is up almost 30% since acquiring a Canadian company on Feb 9th. The news catalyst
illustrates a momentum in growth. On the chart, since an excellent report in November,
price ascended into a double top in late November and mid December then fell until
the news catalyst on Friday the 9th. Another report is soon coming. I see BTTR as a volatile
penny stock is now set up for a long trade. I have marked in horizontal black some targets from
looking to the left. Equally weighing all three targets, the profit potential is 25% in the near
term while the last target is about 35%. BTTR is poised below the mean VWAP line and appears
ready to continue its VWAP breakout from 2/9 moving upward while crossing the first lower
anchored VWAP line. I expect the price to ultimately aim for the second upper VWAP line and
hit my last target just below that line representing the base of the double top last winter.
my last target
illustrates a momentum in growth. On the chart, since an excellent report in November,
price ascended into a double top in late November and mid December then fell until
the news catalyst on Friday the 9th. Another report is soon coming. I see BTTR as a volatile
penny stock is now set up for a long trade. I have marked in horizontal black some targets from
looking to the left. Equally weighing all three targets, the profit potential is 25% in the near
term while the last target is about 35%. BTTR is poised below the mean VWAP line and appears
ready to continue its VWAP breakout from 2/9 moving upward while crossing the first lower
anchored VWAP line. I expect the price to ultimately aim for the second upper VWAP line and
hit my last target just below that line representing the base of the double top last winter.
my last target
Trade active
BTTR moving well in the pre-market. Open position at 0.25 and added 50% at 0.26as well as 50% at 0.27. Moved up stop loss to above break even for the first two
pieces. Options volume is essentially nothing. This is an earning 4 weeks out the trade
is off to a good start.
Note
The plan is to buy another lot of shares if the price pulls back to the SMA10 line running up underneath it.Trade active
Bought on n the way down at 0.25 and 0.22, expect a turnaround a few days afterthe fed news.
Trade active
Bag holding this right now. The price might recover 0.01 today as per AI indicator
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